All posts tagged Arctic

Canadian Prime Minister Stephen Harper announced Tuesday that one of two ships belonging to British naval hero Sir John Franklin, which disappeared in the Arctic nearly 170 years ago, has been found. (Photo: AP) Read More »

Very cold gold. There may be great wealth below the Arctic’s surface, but getting it out of the ground is a challenge. One of the few companies operating in the inhospitable region is Toronto-based Agnico-Eagle Mines Ltd., which mines for gold in Nunavut.

Amigos, or frenemies? Canada, the U.S. and Mexico are trade partners. But when it comes to energy, they are also fierce rivals.

“You can put it in your gas tank and run it.” Bakken oil is very light and contains more combustible gases than oil from other places. And most of it is shipped by rail, raising concerns about the risks of more deadly derailments like the one that killed 47 people in Quebec last summer.

WhatsApp founder Jan Koum once applied for a job at Facebook Inc. and was rejected. Now he’ll be working closely with Facebook Chief Executive Mark Zuckerberg, who just bought WhatsApp for $19 billion. The two have very different views on privacy, ads and making money.

A different kind of Cold War. A group of Canadian soldiers are conducting a training exercise in the far north, battling high winds, frostbite and mechanical failures. Could the resource-rich, contested Arctic region be Canada’s next battleground?

Sochi’s hockey matchups have been riveting. The drama is set to continue Friday when the Canadian men face the U.S. team in the semi-finals. That’s why it would be a shame if the National Hockey League chose not to participate in the 2018 Olympic Games. Read More »

Rio Tinto PLC has been quietly shopping its Canadian iron-ore assets, but one company won’t be among the bidders. China’s Wuhan Iron & Steel (Group) Corp. said it’s not currently interested. The asset sale would carry a price tag in the billions.

Toronto is still the high-rise project leader in North America. Construction-data provider Emporis said Canada’s biggest city led the way again last year in the number of skyscraper projects being built, although New York’s pace was accelerating.

Oil giant’s big-spending ways come back to haunt it. Saddled with the costs of oil and gas development from Canada to Kazakhstan, Royal Dutch Shell issued its first profit warning in 10 years.

There’s some news on the Canadian M&A front early Monday. Goldcorp Inc. is planning a hostile, C$2.6 billion takeover bid for fellow Canadian miner Osisko Mining Corp. The proposed deal comes as gold miners slash costs amid falling bullion prices, and would be one of the biggest Canadian mining deals in recent memory.

Lululemon Athletica Inc. said traffic and sales have slid since the start of January, forcing the yoga-wear company to again cut its guidance for the fiscal fourth quarter. That comes after the company offered a weak outlook just last month and said its founder was stepping down.

ConocoPhillips is set to begin exploratory drilling for oil in the Northwest Territories, the first such permission granted for hydraulic fracturing of horizontally drilled wells in the Canadian Arctic.

In 2006, Brazilian entrepreneur Eike Batista told a Canadian pension fund that he aimed to be the world’s richest man, promising that investors along for the ride would prosper, too. What followed was one of the most breathtaking rise-and-fall stories in the history of business.

Canadian Crown attorney is set to release an investigative narrative that could reveal whether Toronto Mayor Rob Ford was a target of a massive police investigation and drug raid.

The Boston Red Sox completed an improbable worst-to-first comeback at Fenway Park, defeating the Cardinals to claim their third title in 10 years.

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Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com